The dollar is still weak this morning due to positive vaccine news and expectations for more monetary stimulus to help the US economy.
Moderna, a company that has produced one of the COVID-19 vaccines, requested clearance for its vaccine in the US and Europe yesterday after late-stage trial results showed the vaccine was highly effective in preventing Covid-19, with no serious safety problems.
Federal Reserve Chair, Jerome Powell will testify in front of Congress today and tomorrow. As Congress have been unsuccessful in agreeing on a stimulus package, it’s thought that the Fed will announce more stimulus measures during their December meeting.
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